Parabolic Indices Now Overbought
Just THREE weeks until our Options Bootcamp in Riviera Maya where we’ll all be using our latest game-changing software upgrades for fast and safe growth.
Two encounters with members over the last couple of days have been especially heartwarming. One who has been super selective since my December event, and has made 10/10 winning trades and no losers. Another who doubled his money on last week’s Microsoft reversal, and is now believing more in his ability to grow his account with lower risk.
I love these personal anecdotes, and like anything worthwhile you do have to keep doing the right things to get the right results.
Finding high probability trade setups and controlling risk.
Last week I also showed how a boring options strategy for income generation is anything but boring. The cash returns on risk can quickly get to triple digits and the risk starts low and becomes progressively lower.
These are the kinds of things we will cover in detail at the Bootcamp, while using the latest software upgrades to find and assess trades.
This is why this event is so unique. We use the tools actively, and in the final session on Sunday we’ll be led by some of our most experienced members in a trade hunting expedition.
Join us in Mexico – remotely or in person – and we’ll do it all together, using our latest technology, our latest algorithms and developing that sense of control.
Next week we’ll have the Foundation Day where we’ll go through the theory, so we’re fully prepared for the two Strategies Days on the 9th and 10th May. It’s a great way of learning, and we will record all of it, and chop it into chapters for your convenience.
Have a chat with us here to explore how you can benefit from our unique approach to options and this unique event.
Market Outlook:
Last week I said I expected the indices to settle around the 50-dma. Well, they didn’t! They kept going with their parabolic moves, and are now significantly short-term overbought.
The crypto sector did edge up, with every stock or ETF I mentioned rising at least modestly. With the latest news from the Gulf, they might now be vulnerable.
From here I do expect a broad based pullback.
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Half green. - Medium Term Swing Timer:
Overbought. - The Main Indices OVIs:
All positive.
Stock Selection:
Again I reviewed hundreds of stocks just by myself this morning. The software is so fast now, it’s a huge game-changer … and dark mode means I can do it with restful eyes!
We’re now in earnings season, so my focus in on earnings, with several decent setups that are not overbought. And the market continues to be anticipating more positives than negatives in the pre-earnings filters.
** Remember, managing risk in your trade management is as important as trading with higher probabilities. This is very much part of the WiseTraders method, and is our third Master Key. **
Look in our Gift area inside the Platform to watch “How to Cap Your Losses & Protect Your Profits“.
Increasing your probabilities with a logical proven system is an essential part of trading. But you also need a rock solid trade plan that tilts the odds further in your favour.
Our EDGE Trade Plan does exactly that, and you will find trading so much more rewarding and peaceful if you adhere to its principles.
My goto playbook is OVI, near Key Levels, Trend Fades, and a consolidation/sideways move. The other two Big Money Footprints are highly desirable but those four are essential to me! With my new VIP filters, I’m also now looking more at overbought and oversold issues.
Go into the ‘Expert Watchlists’ area of the platform to view my Watchlists for (a) all the stocks I cover in today’s video, and (b) a smaller list that warrant a closer look.
** The list of stocks is in the Expert Watchlists area (just click on my image to see them), so you’ll have to log in to see it. Market Timing will also go inside a login soon. Remember to reference the video commentary so you know what my sentiment is on each stock listed. **
Don’t Miss Out:
Software Upgrades:
More game-changing upgrades will be made in time for the Mayakoba Options Bootcamp on 9-10 May.
Lined up for later this year:
- Chart Replay:
Go back in time and replay a chart setup to see how you would play it. A training game-changer.
- Annotations on the Charts:
View the Big Money Footprints displayed on the charts! Instant clarity, especially for Trend Fades.
- Instant Chart Data:
We’re reaping the benefits of this … a game-changer!
- Market Timing:
A significant upgrade to our Market Timing and Dashboard area is in the works. Stay tuned for any announcements.
- OVI Upgrades:
Two huge upgrades are coming for the OVI!
First is a mechanism to increase the number of stocks and ETFs to be more readable.
Second is a new research project that dramatically reduces our universe (so saving time) while increasing the probability of a profitable move.
Both of these are game-changers.
- Options Enhancements:
The Analyzer upgrade is also deployed. Anyone can now trade options with complete visibility in just a click.
- More Automation:
All these enhancements are paving the way to more automation, and accelerated use of A.I. while avoiding the pitfalls of overfitting.
The result will be more precision and less time.
More updates are on the way!
Upcoming Events:
Our Options Bootcamp in Mayakoba, Riviera May, Mexico is on May 9-10th! It’s going to be super practical, using all the new enhancements to be released especially for the event. Don’t think you can do options? I’ll prove you wrong!
Watch today’s market review inside the members area here! To the left is the Watchlist area. To the right is the TV area.
How to Watch This Video:
The best way to watch this video so you can flip through the charts at the same time:
- Log into the members area: https://platform.wisetraders.com
- Click on TV within the Platform (top right)
- Choose “On Demand”
- Play
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Remember, you can play the video at 1.25x or 1.5x speed if you want to save time! I have placed all the stocks covered in today’s review in your “Latest Preview” watch list.
